{
  "crd_number": 106292,
  "slug": "commonwealth-investment-management-pittsburgh-pa-106292",
  "primary_business_name": "COMMONWEALTH INVESTMENT MANAGEMENT",
  "legal_name": "CIM INVESTMENT MANAGEMENT INC",
  "dbas": [
    "COMMONWEALTH INVESTMENT MANAGEMENT"
  ],
  "city": "Pittsburgh",
  "state": "PA",
  "country": "United States",
  "cbsa_code": "38300",
  "metro": {
    "cbsa_code": "38300",
    "common_name": "Pittsburgh",
    "msa_name": "Pittsburgh, PA",
    "path": "/advisors/pa/pittsburgh"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1994-07-28",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 1275342290.0,
  "raum_discretionary": 1243363862.0,
  "raum_non_discretionary": 31978428.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 7,
  "advisory_employees": 7,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "state_municipal": {
      "raum": 770625229.0,
      "count": 37
    },
    "insurance_companies": {
      "raum": 113669206.0,
      "count": 4,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 359069427.0,
      "count": 21
    },
    "other_investment_advisers": {
      "raum": 31978428.0,
      "count": 1,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "PA"
  ],
  "websites": [
    "https://ciminvests.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106292",
  "city_as_filed": "PITTSBURGH",
  "url": "https://advisorcensus.com/firm/commonwealth-investment-management-pittsburgh-pa-106292",
  "display_name": "Commonwealth Investment Management",
  "summary": "Commonwealth Investment Management is an SEC-registered investment advisory firm in Pittsburgh, PA, registered since 1994, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Commonwealth Investment Management (CRD 106292): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Publication of periodicals or newsletters",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Commonwealth Investment Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Commonwealth Investment Management reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Commonwealth Investment Management located?",
      "a": "Commonwealth Investment Management's principal office is in Pittsburgh, PA, according to its Form ADV."
    },
    {
      "q": "Is Commonwealth Investment Management registered with the SEC or a state?",
      "a": "Commonwealth Investment Management is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 106292."
    },
    {
      "q": "How much does Commonwealth Investment Management manage?",
      "a": "Commonwealth Investment Management reports $1,275,342,290 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (97% discretionary)."
    },
    {
      "q": "How have Commonwealth Investment Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Commonwealth Investment Management: Regulatory assets under management: $761,078,318 in the October 2021 data and $1,275,342,290 in the October 2026 data, up 68%. Total employees: 9 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Commonwealth Investment Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (37); pension and profit sharing plans (but not the plan participants or government pension plans) (21); insurance companies (4)."
    },
    {
      "q": "Which custodians does Commonwealth Investment Management use?",
      "a": "Commonwealth Investment Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists PNC Bank and The Bank of New York Mellon as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Commonwealth Investment Management report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106292"
    },
    {
      "q": "Does Commonwealth Investment Management state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 says: \"Our minimum account size is $1.0 Million, but in our sole discretion we may accept lesser account sizes.\""
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 761078318.0,
      "total_employees": 9,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 917897725.0,
      "total_employees": 9,
      "filing_date": "2022-03-30"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 1035542875.0,
      "total_employees": 7,
      "filing_date": "2023-03-29"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1117447925.0,
      "total_employees": 7,
      "filing_date": "2024-03-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1164721376.0,
      "total_employees": 7,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1275342290.0,
      "total_employees": 7,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$1,000,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Our minimum account size is $1.0 Million, but in our sole discretion we may accept lesser account sizes."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 1000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Our minimum account size is $1.0 Million, but in our sole discretion we may accept lesser account sizes."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "PNC Bank",
      "name_as_filed": "PNC BANK",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/commonwealth-investment-management-pittsburgh-pa-106292.md",
  "clients": [
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 21,
      "fewer_than_5": false,
      "raum": 359069427.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 37,
      "fewer_than_5": false,
      "raum": 770625229.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": true,
      "raum": 31978428.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 4,
      "fewer_than_5": true,
      "raum": 113669206.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/106292",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}